The Line Graph Shows the Costs of a 30-Second Television

question 47

Multiple Choice

The line graph shows the costs of a 30-second television spot (in thousands of dollars) during the Super Bowl from 1995 to 2005. Estimate the increase in the cost of a 30-second spot from the Super Bowl in 1998 to the Super Bowl in 2002.

• A) 1080 thousand dollars
• B) 1200 thousand dollars
• C) 300 thousand dollars
• D) 900 thousand dollars
• E) 600 thousand dollars

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Definitions:

Market Situations

Various conditions under which a market operates, influenced by factors like competition, demand, and supply.

Output

The quantity of goods or services produced by a firm, industry, or economy within a given period.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, usually depicting a downward slope, indicating the inverse relationship between price and demand.

Supply Curve

A graphical representation used in economics to show the relationship between the price of a good or service and the quantity of it that producers are willing to supply.